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Global Amino Resin Market Insight January 6, 2022 Comments

The Amino Resin is forecast to crazy over the next four years. According to the World Knowledge Information (WKI) “Global Amino Resin Professional Survey Report 2020, Forecast to 2025”, with the increasing demand of the coating and adhesive industry,the amino resin industry is developing at an incredible speed. According to the WKI regression analysis model, the compound annual growth rate (CAGR) for the period 2021-2026 is expected to be 4.17%.

Analysts’ Viewpoint:

“The use of amino formaldehyde-based resin technology in the manufacture and use of food contact coatings is expected to provide various opportunities for market growth, Senior analyst, Chemical & Material Market Research Center in WKI.”It is expected that during the forecast period, the adhesive and sealant industry will dominate the global amino resin market.”

Market insight:

In the wood industry, the growing demand for amino resins used in the production of medium-density formaldehyde, particleboard, plywood, etc., as adhesives, may drive the amino resin market within the forecasted few years. In addition, the fast-growing automotive and construction industries have an increasing demand for adhesives and coatings with high strength and resistivity, which are expected to drive market development in the next few years. In addition, the growing demand for melamine formaldehyde resins for furniture and other building materials, as well as rapid industrialization, are expected to drive the market during the forecast period.

Competition Landscape:

This WKI market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Amino Resin companys that include BASF, DIC, HEXION .etc.

Segmentation of Amino Resin Market:

Amino resins can be divided into urea formaldehyde, melamine formaldehyde and melamine urea formaldehyde. The melamine urea-formaldehyde segment is expected to have the largest market share because of their better chemical resistance, better color retention at high temperatures, better exterior durability, and shorter baking schedules when combined with hydroxy resins .According to the application, the market is divided into adhesives and coatings, molding compounds, plywood, roof mats, etc. Due to the increasing demand for roof mats in the United States and other countries, it is expected that roof mats will maintain the largest compound annual growth rate during the forecast period.

Amino Resin Market: Regional Analysis

In terms of geography, the global Amino Resin market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. The Asia-Pacific region is expected to become the dominant market for amino resin consumption. This is because the region occupies a leading position in the end industry markets such as adhesives and sealants, paints and coatings, and the textile industry. As the production of panels for furniture and other indoor applications has increased, China has dominated the development of the region. Driven by the continuous population growth, urbanization and consumption power of countries such as China, Japan, South Korea, India and Southeast Asian countries, the region’s dominant market share is expected to further expand.

Cagr: 4.17%
Largest share area:Asia-Pacific
Largest share country:China